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Aug-2024
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Overview
Market Insights Snapshot
Galactic (fka Galactic Meds) has shown notable performance across various categories in different states. In Massachusetts, the brand saw a significant improvement in the Flower category, climbing from rank 55 in June 2024 to rank 24 by August 2024. This upward movement is indicative of a strong market presence and increasing consumer preference. However, the brand did not make it into the top 30 Flower brands in May and June, highlighting initial struggles in gaining traction. Conversely, in the Vapor Pens category, Galactic maintained a steady presence, moving from rank 20 in May to rank 14 in August, showing consistent growth and consumer trust in their products in this segment.
In Michigan, Galactic's performance has been robust, particularly in the Flower category where it consistently held the 5th rank from June through August 2024. This consistency underscores the brand's strong foothold in the Flower market. The Edible category, however, tells a different story with Galactic hovering around the 32-34 rank, indicating a need for strategic improvements to boost their standing. Meanwhile, the Vapor Pens category in Missouri saw a mixed performance; despite an impressive jump from rank 22 in May to rank 11 in July, the brand slipped slightly to rank 14 by August. This fluctuation suggests a competitive market environment and the importance of maintaining momentum to secure higher rankings.
Competitive Landscape
In the competitive landscape of the Michigan flower category, Galactic (fka Galactic Meds) has demonstrated consistent performance, maintaining its rank at 5th place from June to August 2024. This stability is noteworthy, especially when compared to brands like High Supply / Supply, which saw a significant rise from 17th in May to 4th in July and August, indicating a rapid increase in market penetration. Meanwhile, Fluresh experienced a decline, dropping from 4th in May to 7th in August, suggesting potential challenges in sustaining sales momentum. Ozone also showed fluctuations, peaking at 4th in June but settling at 6th in August. The market leader, High Minded, maintained the top position until July but dropped to 3rd in August, indicating a possible shift in consumer preferences or competitive pressures. Galactic's ability to hold its rank amidst these changes suggests a strong brand presence and customer loyalty, positioning it well for future growth in the Michigan flower market.
Notable Products
In August 2024, the top-performing product from Galactic (fka Galactic Meds) was the Blueberry Moon Terp Distillate Cartridge (1g) in the Vapor Pens category, maintaining its number one ranking with sales reaching $38,551. The Strawberry Stardust Terp Distillate Cartridge (1g) climbed to second place, up from fourth in July 2024. The Celestial Sherbert Terp Distillate Cartridge (1g) dropped one spot to third place despite consistent high performance. The newly introduced White Out Pre-Roll (1g) debuted impressively at fourth place. The Lemon Lift-Off Terp Cartridge (1g) held steady at fifth place, consistent with its initial ranking in July 2024.
Top Selling Cannabis Brands
Data for this report comes from real-time sales reporting by participating cannabis retailers via their point-of-sale systems, which are linked up with Headset’s business intelligence software. Headset’s data is very reliable, as it comes digitally direct from our partner retailers. However, the potential does exist for misreporting in the instance of duplicates, incorrectly classified products, inaccurate entry of products into point-of-sale systems, or even simple human error at the point of purchase. Thus, there is a slight margin of error to consider. Brands listed on this page are ranked in the top twenty within the market and product category by total retail sales volume.
